Hyperliquid traders are increasingly choosing non-crypto assets (HIP-3) such as oil, gold, and silver over crypto assets such as Bitcoin.
According to recent data, HIP-3 has a huge sticky base with a user retention rate of 64% compared to just 27% for crypto assets.
Crypto analyst Keisan cited Crypto’s extreme volatility and friendly ‘perpetrator’ leverage compared to options contracts are some of the main drivers of ‘sticky’ HIP-3 user activity.
Trading traditional assets is more enjoyable than crypto, which suffers from extreme volatility, market manipulation and fraudulent tokens.
He added that a sticky user base will lead to deeper liquidity and more tradable assets. Ultimately, this leads to more trading activity and HYPE buybacks, indirectly increasing the value of the altcoin.
HIP-3 volumes exploded
The ability to trade different assets (traditional and crypto) 24/7 on one unified platform made Hyperliquid one of the winners of the West Asian crisis.
HIP-3 last week calculated representing 33% ($15.1 billion) of overall Hyperliquid trading volume. It ranked second after Bitcoin with $18.4 billion (40%).
On a year-to-date (YTD) basis, the dominance of HIP-3 or RWA (real-world tokenization) has increased from 5% to over 30%; This underscores strong adoption and momentum.
In fact, according to BitMEX Exchange founder Arthur Hayes, HIP-3 is no longer drivers approximately 10% of the total fees collected on the platform.
Mass adoption of Hyperliquid as a cross-asset trading platform will likely push HYPE to $150, according to Hayes.
Can HYPE bulls reclaim $50?
Interestingly, HYPE’s upward momentum increased during the Iran crisis. HYPE has increased from $26 to $41, an increase of 57% since its inception.
Measured from the January low of $20, HYPE has doubled or increased by 100%. So it can be said that the platform and the altcoin are the biggest winners of the entire division.
However, although Coinbase research analyst Colin Basco has bullish expectations on the altcoin, believes For a sustainable rise, the key resistance at $42 must be overcome. If this barrier is removed immediately, the next levels to watch will be $46 and the psychological level of $50.
Final Summary
- Hyperliquid’s HIP-3 segment now has a relatively stronger and more stable user base, with an investor retention rate of over 60% compared to regular crypto traders.
- The Coinbase analyst believes that an extended rally to $50 is possible, but the bulls must first clear the $42 and $46 resistance levels.
